TELUS Co. (T) Rating Reiterated by Scotiabank
TELUS Co. (TSE:T) (NYSE:TU)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Scotiabank in a research report issued to clients and investors on Friday. They currently have a C$44.00 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 1.45% from the company’s previous close.
Several other research analysts have also weighed in on the stock. TD Securities reiterated a “hold” rating and set a C$45.00 price objective on shares of TELUS in a report on Monday, November 7th. Canaccord Genuity upgraded shares of TELUS from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$45.00 to C$47.00 in a report on Thursday, January 5th. National Bank Financial increased their price objective on shares of TELUS from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. Finally, Desjardins cut their price objective on shares of TELUS from C$50.00 to C$49.00 in a report on Wednesday, December 21st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$46.60.
Shares of TELUS (TSE:T) traded up 0.79% on Friday, hitting $43.37. 2,392,229 shares of the stock traded hands. The firm has a market cap of $25.59 billion and a P/E ratio of 21.05. TELUS has a 12-month low of $38.83 and a 12-month high of $44.40. The firm’s 50-day moving average is $43.63 and its 200 day moving average is $42.95.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 10th will be issued a $0.48 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 4.43%.
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TELUS Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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